CPP Investments to Invest Rs. 7,000-Cr in Hyderabad based CtrlS Datacenters
Hyderabad, June 17 (TNT): CtrlS Datacenters Ltd. on Wednesday announced a strategic partnership with the Canada Pension Plan Investment Board (CPP Investments), which will invest up to ₹7,000 crore (C$1 billion) to support the Hyderabad-based company’s expansion plans in India’s rapidly growing digital infrastructure sector.
Under the agreement, CPP Investments will invest ₹4,000 crore (C$588 million) to acquire an 8.2 per cent stake in CtrlS at a pre-money valuation of ₹44,914 crore (C$6.6 billion), the Hyderabased company said in a release here.
The two partners will also establish a joint venture to develop hyperscale datacentre campuses across India.
CPP Investments has committed up to ₹3,000 crore (C$441 million) to the venture and will hold a 48 per cent stake, while CtrlS will retain 52 per cent ownership.
The partnership aims to accelerate the development of next-generation datacentre infrastructure to meet growing demand from hyperscalers, cloud service providers, artificial intelligence applications and India’s expanding digital economy.
CtrlS Founder and Chief Executive Officer Sridhar Pinnapureddy said India’s AI-driven growth is already underway and demand from hyperscalers, cloud providers and enterprises continues to rise.
He said the partnership with CPP Investments would help expand AI-ready infrastructure while reinforcing CtrlS’ focus on reliability, sustainability and long-term growth.
Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments, said India has emerged as one of the world’s fastest-growing digital markets and remains a key pillar of the organisation’s global datacentre strategy.
He noted that increasing demand driven by hyperscale expansion, domestic cloud growth and emerging AI applications makes India an attractive destination for long-term digital infrastructure investments.
CPP Investments has been active in the global datacentre sector since 2017 and has maintained a presence in India since making its first investment in 2009. As of March 31, 2026, it held more than ₹1.85 lakh crore (C$27 billion) in net assets in India, making it one of the country’s largest international institutional investors.
Founded in 2007, CtrlS currently operates 19 datacentres across nine markets in India, with more than 370 MW of operational capacity and 4.4 GW of projects under various stages of development.
The company is also pursuing international expansion in the Middle East and Southeast Asia, with Thailand identified as its first overseas market.
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